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..................... A Letter from Governor Christie........................................................................................

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New Jersey’s Economic Outlook for FY 2012................................................................... Common Challenges: Comparison to United States and Other States............................. Revenue Forecast ............................................................................................................

4 7 11

Christie Reform Agenda: Achieving Budget Reform in “The New Normal” ....................... Building Blocks for the FY 2012 Budget ........................................................................ Fiscal Year 2012 Highlights: The New Normal in Budgeting ......................................... Budgeting from the Bottom-Up to Fund Key Priorities...................................................

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The Christie Reform Agenda: It’s Time To Do The Big Things ......................................... Creating Jersey Jobs and Providing Responsible, Sustainable Tax Relief.................... Making 2011 the Year of Education Reform in New Jersey........................................... Taking on the Third Rail: Bringing Fiscal Sanity to New Jersey’s Pension and Benefits Systems.................................................................................................... Off-Budget Spending Discipline – Boards, Authorities, Commissions...............................

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The Annual Tax Expenditure Report.................................................................................. The Governor’s Performance Budgeting Initiative: Budgeting for Results ......................... Allocation of Budget by Core Mission Areas......................................................................

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